On a side note, I rolled the dice on GME and bought stock last night and sold today for a 52% profit. It was a straight gamble but nice to be on the winning side for once.
Investors are pumping it and spamming Reddit heavily to get others to buy it. And the higher it gets pumped, the more shorters have to buy to cover which then drives it even higher. Read about Volkswagen stock in 2009, they did the same thing and made it the most valuable company in the world for a short period of time.
Wonder how much higher it'll go. It's up 30% more since your sold. Crazy. It'll be an amazing fall. I'm sure the shorts that come in soon will clean up.
There was someone here yesterday pumping it up. Didn't realize it was a multiple day event.
Yeah this is a short squeeze but. Stock will rise until all shorters have closed their positions and got their money back from buying the rising stock then sell it. So it pumps up and down. But the later ones won’t be able to do that. I suppose a call option trade on this one could’ve been MASSIVE. This is war against big money managers.
On a side note, I rolled the dice on GME and bought stock last night and sold today for a 52% profit. It was a straight gamble but nice to be on the winning side for once.
Anyone know why the stock is going up (aside from lunacy)?
Investors are pumping it and spamming Reddit heavily to get others to buy it. And the higher it gets pumped, the more shorters have to buy to cover which then drives it even higher. Read about Volkswagen stock in 2009, they did the same thing and made it the most valuable company in the world for a short period of time.
Wonder how much higher it'll go. It's up 30% more since your sold. Crazy. It'll be an amazing fall. I'm sure the shorts that come in soon will clean up.
There was someone here yesterday pumping it up. Didn't realize it was a multiple day event.
Yeah this is a short squeeze but. Stock will rise until all shorters have closed their positions and got their money back from buying the rising stock then sell it. So it pumps up and down. But the later ones won’t be able to do that. I suppose a call option trade on this one could’ve been MASSIVE. This is war against big money managers.
Thanks Greg and you cover Sector Rotation and Market Cycles very well in your eBook!!!